Firstmac completes $1.3bn RMBS raising (Australian Broker)

Non-bank lender Firstmac Limited has announced its completion of a $1.3 billion RMBS raising, with over $2 billion in orders.

In a statement, Firstmac said that the issue was oversubscribed “from an early stage” and was supported by 31 institutions.

The roadshow for the RMBS issue was the first to be done entirely online, as COVID-19 travel restrictions made the usual face-to-face meetings throughout Europe, Asia, and the US impossible.

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11 Jun 2020

Lender’s data shows car market bounce back (Autotalk)

New lending data from Firstmac shows the new car market is recovering after falls in April and May.

The automotive financier says buyers are shrugging off the COVID-19 crisis and are now borrowing to buy cars again.

In May, Firstmac says it recorded a record number of car loan applications, strengthening towards the second half of the month and continuing into June.

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